Articles of Agreement Law & Legal Definition


Articles of agreement are the fouding document of an entity. They set forth, among other provisions, the purpose and main powers of the entity, voting rights of members, and limitations. It is similar to articles of incoprporation, but more commonly used to refer to the founding document of a non-profit organization.

The following is a sample outline of articles of agreement:

Article I
Purpose

Article II
Membership and Capital

Article III
Operations

Article IV
Organization and Management

Article V
Withdrawal, Suspension of Membership; Suspension of Operations

Article VI
Status, Immunities and Privileges

Article VII
Amendments

Article VIII
Interpretation and Arbitration

Article IX
Final Provisions